Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.00048 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of support at 0.0007 could happen.
Consider stop-loss settings accordingly.
Also there is a ‘Two Crows’ candle chart pattern is discovered. The candles form ‘Two Crows’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00092 |
| 2nd High | 0.0009 |
| Next High | 0.0007 |
| Current Price | 0.000556000 |
| Next Low | 0.00054 |
| 2nd Low | 0.00048 |
| 3rd Low | 0.00041 |
0.0007 – 0.0009 – 0.00055 – 0.00054 – 0.00048 – 0.00052 —
0.000586000 – 0.000597000 —
52.548855362672 – 53.730238140804 —
– —
0.0007 – 1776672000
Trading Signals: CRYPTO – BOME – BOME/USDT – USDT – Two Crows – Rising Wedge Chart Pattern – –